Lam Soon (Thailand) Public Company Limited (LST) - Net Assets

Latest as of September 2025: ฿5.96 Billion THB ≈ $185.76 Million USD

Based on the latest financial reports, Lam Soon (Thailand) Public Company Limited (LST) has net assets worth ฿5.96 Billion THB (≈ $185.76 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿8.58 Billion ≈ $267.49 Million USD) and total liabilities (฿2.62 Billion ≈ $81.73 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check LST financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿5.96 Billion
% of Total Assets	69.45%
Annual Growth Rate	6.65%
5-Year Change	33.37%
10-Year Change	77.46%
Growth Volatility	5.74

Lam Soon (Thailand) Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Lam Soon (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is Lam Soon (Thailand) Public Company Limit's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Lam Soon (Thailand) Public Company Limited (2000–2024)

The table below shows the annual net assets of Lam Soon (Thailand) Public Company Limited from 2000 to 2024. For live valuation and market cap data, see LST stock market capitalisation.

Year	Net Assets	Change
2024-12-31	฿5.72 Billion ≈ $178.28 Million	+6.20%
2023-12-31	฿5.39 Billion ≈ $167.86 Million	+7.29%
2022-12-31	฿5.02 Billion ≈ $156.46 Million	+6.05%
2021-12-31	฿4.73 Billion ≈ $147.54 Million	+10.37%
2020-12-31	฿4.29 Billion ≈ $133.67 Million	+1.98%
2019-12-31	฿4.21 Billion ≈ $131.08 Million	+6.18%
2018-12-31	฿3.96 Billion ≈ $123.45 Million	+6.19%
2017-12-31	฿3.73 Billion ≈ $116.26 Million	+6.80%
2016-12-31	฿3.49 Billion ≈ $108.85 Million	+8.35%
2015-12-31	฿3.22 Billion ≈ $100.46 Million	+4.18%
2014-12-31	฿3.09 Billion ≈ $96.43 Million	+8.49%
2013-12-31	฿2.85 Billion ≈ $88.89 Million	+5.09%
2012-12-31	฿2.71 Billion ≈ $84.58 Million	+8.19%
2011-12-31	฿2.51 Billion ≈ $78.18 Million	+3.42%
2010-12-31	฿2.43 Billion ≈ $75.60 Million	-0.79%
2009-12-31	฿2.44 Billion ≈ $76.20 Million	+7.62%
2008-12-31	฿2.27 Billion ≈ $70.81 Million	+14.80%
2007-12-31	฿1.98 Billion ≈ $61.68 Million	+1.39%
2006-12-31	฿1.95 Billion ≈ $60.83 Million	+12.93%
2005-12-31	฿1.73 Billion ≈ $53.87 Million	+10.01%
2004-12-31	฿1.57 Billion ≈ $48.97 Million	+3.98%
2003-12-31	฿1.51 Billion ≈ $47.09 Million	+26.59%
2002-12-31	฿1.19 Billion ≈ $37.20 Million	-0.08%
2001-12-31	฿1.19 Billion ≈ $37.23 Million	-2.11%
2000-12-31	฿1.22 Billion ≈ $38.04 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Lam Soon (Thailand) Public Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 3079.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿3.99 Billion	76.63%
Common Stock	฿820.00 Million	15.76%
Other Comprehensive Income	฿155.36 Million	2.99%
Other Components	฿240.65 Million	4.63%
Total Equity	฿5.20 Billion	100.00%

Lam Soon (Thailand) Public Company Limited Competitors by Market Cap

The table below lists competitors of Lam Soon (Thailand) Public Company Limited ranked by their market capitalization.

Company	Market Cap
Biosyent Inc. V:RX	$119.76 Million
Captor Therapeutics S.A. WAR:CTX	$119.77 Million
Hansae Yes24 KO:016450	$119.79 Million
Pang Rim Spinn KO:003610	$119.88 Million
MaxsMaking Inc. Class A Ordinary Shares NASDAQ:MAMK	$119.60 Million
Asuransi Multi Artha Guna Tbk PT JK:AMAG	$119.54 Million
Madras Fertilizers Limited NSE:MADRASFERT	$119.52 Million
Cornerstone OnDemand Inc F:8CO	$119.51 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Lam Soon (Thailand) Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 4,890,931,137 to 5,202,882,552, a change of 311,951,415 (6.4%).
Net income of 516,632,116 contributed positively to equity growth.
Dividend payments of 234,917,285 reduced retained earnings.
Other comprehensive income increased equity by 10,678,049.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿516.63 Million	+9.93%
Dividends Paid	฿234.92 Million	-4.52%
Other Comprehensive Income	฿10.68 Million	+0.21%
Other Changes	฿19.56 Million	+0.38%
Total Change	฿-	6.38%

Book Value vs Market Value Analysis

This analysis compares Lam Soon (Thailand) Public Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.74x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 2.29x to 0.74x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	฿2.05	฿4.68	x
2004-12-31	฿1.71	฿4.68	x
2005-12-31	฿1.85	฿4.68	x
2006-12-31	฿2.00	฿4.68	x
2007-12-31	฿2.01	฿4.68	x
2008-12-31	฿2.35	฿4.68	x
2009-12-31	฿2.59	฿4.68	x
2010-12-31	฿2.59	฿4.68	x
2011-12-31	฿2.66	฿4.68	x
2012-12-31	฿2.92	฿4.68	x
2013-12-31	฿3.07	฿4.68	x
2014-12-31	฿3.36	฿4.68	x
2015-12-31	฿3.53	฿4.68	x
2016-12-31	฿3.82	฿4.68	x
2017-12-31	฿4.14	฿4.68	x
2018-12-31	฿4.42	฿4.68	x
2019-12-31	฿4.74	฿4.68	x
2020-12-31	฿4.80	฿4.68	x
2021-12-31	฿5.25	฿4.68	x
2022-12-31	฿5.54	฿4.68	x
2023-12-31	฿5.96	฿4.68	x
2024-12-31	฿6.34	฿4.68	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Lam Soon (Thailand) Public Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 9.93%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.46%
• Asset Turnover: 1.48x
• Equity Multiplier: 1.50x
Recent ROE (9.93%) is below the historical average (11.52%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	10.57%	5.29%	1.71x	1.17x	฿6.94 Million
2001	11.08%	5.42%	1.69x	1.21x	฿12.86 Million
2002	10.53%	4.77%	1.73x	1.27x	฿6.37 Million
2003	14.36%	6.15%	1.57x	1.49x	฿65.83 Million
2004	10.65%	2.61%	1.38x	2.95x	฿8.16 Million
2005	3.84%	1.05%	1.54x	2.37x	฿-86.60 Million
2006	14.02%	4.26%	1.51x	2.18x	฿65.61 Million
2007	10.95%	2.71%	1.54x	2.62x	฿15.69 Million
2008	23.87%	4.78%	2.06x	2.42x	฿266.76 Million
2009	16.87%	5.17%	1.45x	2.26x	฿145.98 Million
2010	9.36%	2.66%	1.55x	2.27x	฿-13.56 Million
2011	7.71%	1.89%	1.57x	2.60x	฿-49.88 Million
2012	11.59%	3.65%	1.47x	2.16x	฿38.16 Million
2013	9.93%	3.41%	1.42x	2.05x	฿-1.66 Million
2014	13.82%	4.50%	1.65x	1.86x	฿105.28 Million
2015	10.77%	3.80%	1.40x	2.03x	฿22.14 Million
2016	10.55%	4.00%	1.39x	1.90x	฿17.22 Million
2017	11.91%	4.73%	1.42x	1.78x	฿64.75 Million
2018	10.52%	5.23%	1.42x	1.42x	฿18.87 Million
2019	12.41%	7.53%	1.19x	1.39x	฿93.72 Million
2020	9.74%	5.69%	1.18x	1.45x	฿-10.25 Million
2021	12.97%	5.87%	1.48x	1.49x	฿127.84 Million
2022	9.52%	3.76%	1.65x	1.53x	฿-21.73 Million
2023	10.51%	4.77%	1.53x	1.44x	฿25.18 Million
2024	9.93%	4.46%	1.48x	1.50x	฿-3.66 Million

Industry Comparison

This section compares Lam Soon (Thailand) Public Company Limited's net assets metrics with peer companies in the Farm Products industry.

Industry Context

Industry: Farm Products
Average net assets among peers: $39,355,766,445
Average return on equity (ROE) among peers: 4.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Lam Soon (Thailand) Public Company Limited (LST)	฿5.96 Billion	10.57%	0.44x	$119.61 Million
Ai Energy Public Company Limited (AIE)	$2.17 Billion	22.49%	0.18x	$50.90 Million
Agripure Holdings Public Company Limited (APURE)	$1.68 Billion	1.74%	0.07x	$63.17 Million
Bangkok Ranch PCL (BR)	$4.84 Billion	11.45%	0.91x	$46.69 Million
Charoen Pokphand Foods Public Company Limited (CPF)	$22.52 Billion	15.93%	1.31x	$4.58 Billion
Chumporn Palm Oil Industry Public Company Limited (CPI)	$3.52 Billion	11.88%	0.35x	$69.03 Million
Thaifoods Group Public Company Limited (TFG)	$1.55 Billion	-60.92%	4.00x	$1.98 Billion
Thaifoods Group Public Company Limited (TFG-R)	$6.13 Billion	23.61%	1.55x	$907.52 Million
T S Flour Mill Public Company Limited (TMILL)	$307.94 Billion	11.21%	1.59x	$26.59 Million
Thai Sugar Terminal Public Company Limited (TSTE)	$3.85 Billion	2.66%	0.58x	$121.87 Million

About Lam Soon (Thailand) Public Company Limited

BK:LST Thailand Farm Products

Market Cap

$119.61 Million

฿3.84 Billion THB

Market Cap Rank

#18508 Global

#255 in Thailand

Share Price

฿4.68

Change (1 day)

+0.00%

52-Week Range

฿4.50 - ฿4.86

All Time High

฿7.00